Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $3.28

Harmony Gold Mining Co. (NYSE:HMY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.35, but opened at $3.28. Harmony Gold Mining shares last traded at $3.22, with a volume of 3,546,711 shares.

A number of research firms have recently issued reports on HMY. ValuEngine lowered shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Harmony Gold Mining from $4.20 to $4.10 and set an “overweight” rating for the company in a research report on Thursday, September 12th.

The company has a market cap of $1.73 billion, a PE ratio of 22.86 and a beta of -1.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 1.35. The firm’s 50 day moving average is $3.23 and its 200-day moving average is $2.79.

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in Harmony Gold Mining by 21.7% during the second quarter. Renaissance Technologies LLC now owns 6,029,521 shares of the mining company’s stock worth $13,687,000 after buying an additional 1,073,121 shares during the last quarter. Walleye Trading Advisors LLC purchased a new position in shares of Harmony Gold Mining during the 2nd quarter worth $143,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Harmony Gold Mining by 22.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,803,698 shares of the mining company’s stock valued at $5,123,000 after acquiring an additional 335,118 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Harmony Gold Mining by 9.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 986,669 shares of the mining company’s stock valued at $2,802,000 after purchasing an additional 85,834 shares during the period. Finally, Vanguard Group Inc. purchased a new stake in shares of Harmony Gold Mining in the second quarter valued at about $79,000. 32.89% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile (NYSE:HMY)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

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